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SQ

Square

$11.18

-0.29 (-2.53%)

, GRUB

GrubHub

$39.58

-1.26 (-3.09%)

16:01
10/11/16
10/11
16:01
10/11/16
16:01

Square tried to sell food-delivery business, Bloomberg reports

Square (SQ) discussed a potential sale of its food-delivery business, Caviar, with Uber Technologies, GrubHub (GRUB) and Yelp (YELP), but could not find a buyer willing to pay its price of around $100M, according to Bloomberg, citing people familiar with the matter. Reference Link

SQ

Square

$11.18

-0.29 (-2.53%)

GRUB

GrubHub

$39.58

-1.26 (-3.09%)

YELP

Yelp

$39.47

-1.64 (-3.99%)

  • 23

    Oct

  • 26

    Oct

  • 01

    Nov

SQ Square
$11.18

-0.29 (-2.53%)

09/02/16
RBCM
09/02/16
NO CHANGE
RBCM
Square believes EBITDA can continue to rise, says RBC Capital
RBC Capital says Square's CFO believes that its significant EBITDA increase in Q2 was "not an isolated event." The CFO says that the company's profits over the longer term will be boosted by increases in the number of large merchants using the service, by the reacceleration of Square Capital, and by additional ancillary services, RBC Capital reported.
08/29/16
08/29/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Harley-Davidson (HOG) downgraded to Underperform from Neutral at Longbow, with analyst David MacGregor telling investors that his dealer checks indicate wholesale shipments at the low end of the guidance range. MacGregor expects an increasingly competitive market environment and does not see a positive catalyst for shares over the next 18 months. 2. Autodesk (ADSK) downgraded to Underweight from Neutral at MUFG, as analyst Stephen Bersey said he has "far-less conviction" in his estimates given his and management's limited visibility about the current and future business trends. The analyst keeps a $50 rice target for the shares following the company's Q2 results. 3. Square (SQ) downgraded to Neutral from Buy at BTIG by analyst Mark Palmer, who views the stock as fairly valued following the recent rally. 4. Signet Jewelers (SIG) downgraded to Accumulate from Buy at Johnson Rice, with analyst David Mann citing comps declines at all three its U.S. divisions, which he expects to continue in the second half. The slower comps at Zales are particularly disconcerting, Mann tells investors. 5. Fiesta Restaurant (FRGI) downgraded to Neutral from Overweight at Piper Jaffray, with analyst Nicole Miller Regan citing uncertainty following the unexpected retirement of the company's' long-standing CEO and the board's decision to reevaluate strategic plans. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, Reference Link
08/29/16
STFL
08/29/16
NO CHANGE
STFL
Square lending program has limited risk, says Stifel
Stifel analyst Scott Devitt believes that the risk facing Square's lending program, Square Capital, is limited. He notes that Square sells loans to investors and keeps less than 10% of the outstanding loans on its balance sheet. Devitt keeps a $15 price target and Buy rating on the shares.
08/29/16
BTIG
08/29/16
DOWNGRADE
BTIG
Neutral
Square downgraded to Neutral from Buy at BTIG
BTIG analyst Mark Palmer downgraded Square to Neutral saying the stock is fairly valued following the recent rally.
GRUB GrubHub
$39.58

-1.26 (-3.09%)

09/27/16
ADAM
09/27/16
NO CHANGE
Target $48
ADAM
Buy
GrubHub price target raised to $48 from $42 at Canaccord
Canaccord analyst Michael Graham believes sentiment on GrubHub has improved over the past several months, as evidenced in the upward move in shares since the company's Q2 report, and he thinks the competition has "yet to put a major dent in Grubhub's 3x audience lead over the next largest player." The analyst, who contends that the online market for take-out food in the U.S. remains "large and underpenetrated," raised his price target on GrubHub shares to $48 from $42 and keeps a Buy rating on the stock.
10/04/16
STFL
10/04/16
DOWNGRADE
STFL
Hold
GrubHub downgraded to Hold from Buy at Stifel
Stifel analyst John Egbert downgraded GrubHub to Hold on valuation.
10/04/16
10/04/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) downgraded to Underperform from Market Perform at Raymond James with analyst David Long saying the fallout from the unauthorized account openings will result in continued under performance. The analyst said several additional investigations, lawsuits, and fines have been announced, resulting in a still cloudy outlook. 2. Kinder Morgan (KMI) downgraded to Hold from Buy at Stifel analyst Selman Akyol citing valuation. 3. GrubHub (GRUB) downgraded to Hold from Buy at Stifel with analyst John Egbert citing valuation. 4. Dr Pepper Snapple (DPS) downgraded to Hold from Buy at Evercore ISI with analyst Robert Ottenstein saying reports that Bai Brands is looking for a new owner are credible and could change investor's psychology on the stock and its Allied Brands business. 5. Dollar Tree (DLTR) downgraded to Neutral from Buy at Cleveland Research with the firm saying sales trends appear to have slowed further at Family Dollar as the company struggles with increased price competition, difficult comps, and strategy headwinds. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/16
ROTH
10/10/16
INITIATION
Target $44
ROTH
GrubHub initiated with a Neutral at Roth Capital
Roth Capital initiated GrubHub with a Neutral and a $44 price target.
YELP Yelp
$39.47

-1.64 (-3.99%)

08/24/16
MKMP
08/24/16
NO CHANGE
Target $48
MKMP
Buy
Yelp price target raised to $48 from $40 at MKM Partners
MKM Partners analyst Rob Sanderson raised Yelp's price target to $48 and reiterated his Buy rating saying execution is firmly on track and recent sales momentum continues. Sanderson said momentum has been driven by sales channel evolution and productivity gains and is also encouraged by improvements in site utility.
09/29/16
RHCO
09/29/16
NO CHANGE
RHCO
Yelp price target raised to $46 from $42 at SunTrust
SunTrust analyst Matthew Thornton raised his price target on Yelp, citing the company's new 'Request-A Quote' tool. The analyst thinks that the tool could enable the company's the company's revenue and EBITDA to rise by double digit percentage levels. He remains upbeat on the company's fundamentals and keeps a Buy rating on the shares.
09/26/16
MAXM
09/26/16
NO CHANGE
MAXM
New Yelp structure could be catalyst for takeout, says Maxim
Maxim analyst Tom Forte reiterated his Buy rating on Yelp and the firm raised its price target to $45 from $42 citing the company's dissolution of its dual-share class structure, which removes an obstacle for Yelp being taken over by a potential suitor. Forte noted that Alphabet (GOOG), Amazon (AMZN), and Apple (AAPL) have been cited as potential suitors of Yelp in the past. Forte also noted that Groupon (GRPN), which the firm also has a Buy rating on, will see its dual-share class structure expire at the end of October, which could serve as a catalyst for that stock.
09/26/16
CANT
09/26/16
NO CHANGE
Target $42
CANT
Buy
Yelp takeout chances increased with share conversion, says Cantor
Yelp's (YELP) conversion of Class B super-voting shares into regular Class A shares late last week increases the company's takeout potential, Cantor Fitzgerald analyst Youssef Squali tells investors in a research note. Yelp, especially following recent improvements in the underlying growth fundamentals of the business, has become "an easier, and more likely" acquisition target, the analyst contends. The analyst views Facebook (FB), Priceline (PCLN), TripAdvisor (TRIP) and Microsoft (MSFT) as potential acquirers of Yelp. Squali estimates Yelp could be worth $53 per share in a takeout. He keeps a Buy rating on the stock with a $42 price target. The stock is up 2% to $40.35 in early trading.

TODAY'S FREE FLY STORIES

WLFC

Willis Lease

$26.66

0.05 (0.19%)

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DPS

Dr Pepper Snapple

$96.35

1.03 (1.08%)

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Dr Pepper to become official sponsor of esports team TSM »

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RCII

Rent-A-Center

$11.70

0.09 (0.78%)

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AR

Antero Resources

$18.74

-0.59 (-3.05%)

17:44
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Recommendations
Antero Resources analyst commentary at MUFG »

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T

AT&T

$37.21

0.06 (0.16%)

, TWX

Time Warner

$93.36

0.39 (0.42%)

17:44
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01/19
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17:44
Periodicals
AT&T requesting docs from companies in Time Warner deal hearing, Reuters says »

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T

AT&T

$37.21

0.06 (0.16%)

TWX

Time Warner

$93.36

0.39 (0.42%)

VZ

Verizon

$51.91

0.36 (0.70%)

CMCSA

Comcast

$42.50

0.65 (1.55%)

CMCSK

Comcast

DISH

Dish

$45.26

0.1 (0.22%)

CHTR

Charter

$366.05

0.8 (0.22%)

DIS

Disney

$110.59

0.17 (0.15%)

VIA

Viacom

$39.20

-0.5 (-1.26%)

VIAB

Viacom

$33.36

-0.59 (-1.74%)

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GRPN

Groupon

$5.57

0.46 (9.00%)

17:44
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01/19
17:44
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17:44
Hot Stocks
Groupon announces Chief Product Officer Jay Sullivan resigns »

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CELG

Celgene

$102.65

0.93 (0.91%)

17:41
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VALU

Value Line

$19.60

0.3 (1.55%)

17:40
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01/19
17:40
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17:40
Hot Stocks
Value Line reaffirms $3M stock repurchase program »

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VALU

Value Line

$19.60

0.3 (1.55%)

17:39
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Hot Stocks
Value Line declares special dividend of 20c per share »

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ZEAL

Zealand Pharma

$15.05

-0.78 (-4.93%)

17:34
01/19/18
01/19
17:34
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17:34
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Zealand Pharma: FDA approves IND for Phase 3 trials of dasiglucagon in CHI »

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GNMSF

Genmab

$190.75

2.75 (1.46%)

, JNJ

Johnson & Johnson

$147.36

0.44 (0.30%)

17:29
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Hot Stocks
Genmab says FDA grants priority review for daratumumab »

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GNMSF

Genmab

$190.75

2.75 (1.46%)

JNJ

Johnson & Johnson

$147.36

0.44 (0.30%)

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HII

Huntington Ingalls

$242.12

5.24 (2.21%)

17:21
01/19/18
01/19
17:21
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17:21
Hot Stocks
Huntington Ingalls awarded $125.2M government contract modification »

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BAESY

BAE Systems

$33.30

0.18 (0.54%)

, GD

General Dynamics

$209.10

1.3 (0.63%)

17:20
01/19/18
01/19
17:20
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17:20
Hot Stocks
BAE Systems, General Dynamics awarded $237.6M government contract modification »

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BAESY

BAE Systems

$33.30

0.18 (0.54%)

GD

General Dynamics

$209.10

1.3 (0.63%)

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  • 24

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SYRS

Syros Pharmaceuticals

$10.80

0.27 (2.56%)

17:17
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Syndicate
Breaking Syndicate news story on Syros Pharmaceuticals »

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WTFC

Wintrust Financial

$87.81

0.96 (1.11%)

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  • 23

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TWTR

Twitter

$23.66

-0.38 (-1.58%)

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ITEK

Inotek Pharmaceuticals

17:04
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OIS

Oil States

$32.80

0.35 (1.08%)

17:03
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Syndicate
Breaking Syndicate news story on Oil States »

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AVGO

Broadcom

$266.39

-3.41 (-1.26%)

, QCOM

Qualcomm

$68.04

-0.01 (-0.01%)

16:43
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Broadcom receives second request from FTC for proposed Qualcomm deal »

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AVGO

Broadcom

$266.39

-3.41 (-1.26%)

QCOM

Qualcomm

$68.04

-0.01 (-0.01%)

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  • 06

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TRNC

tronc

$19.53

0.3 (1.56%)

16:37
01/19/18
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16:37
Periodicals
LA Times' CEO Ross Levinsohn to take leave of absence amid probe, WSJ says »

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AP

Ampco-Pittsburgh

$14.20

0.15 (1.07%)

16:35
01/19/18
01/19
16:35
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16:35
Syndicate
Breaking Syndicate news story on Ampco-Pittsburgh »

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  • 29

    Mar

CG

Carlyle Group

$24.35

-0.05 (-0.20%)

, UBSH

Union Bankshares

$38.79

0.54 (1.41%)

16:33
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CG

Carlyle Group

$24.35

-0.05 (-0.20%)

UBSH

Union Bankshares

$38.79

0.54 (1.41%)

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  • 23

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ANDX

Andeavor Logistics

$52.52

0.12 (0.23%)

16:31
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01/19
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Andeavor Logistics raises quarterly cash distribution to $1.00 per unit »

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  • 16

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Options
Preliminary option volume of 22.8M today »

Preliminary option volume…

TRNC

tronc

$19.53

0.3 (1.56%)

16:26
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Periodicals
LA Times' CEO Ross Levinsohn to take leave of absence amid probe, DJ says »

Dow Jones added that the…

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